Renault asks Bajaj Auto to join India venture-paper

Newswire

MUMBAI, July 31 (Reuters) - Renault has invited India's Bajaj Auto Ltd to join a $1 billion manufacturing alliance with partner Nissan Motor Co , the Economic Times reported on Thursday, citing unnamed industry sources. Renault and Nissan, which are developing a $2,500 car with motorbike maker Bajaj, are also negotiating with the Indian firm to extend their venture to distribute the Renault and Nissan vehicles that will be made in Chennai, the paper said. Bajaj Auto's managing director, ...

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